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Join me, Nik (https://x.com/CoFoundersNik), as I interview Dzmitry Miranovich (https://x.com/dzmitry9). Dzmitry is building a massive roll-up in the veterinary clinic space, currently with over 20 locations!
Many people have ideas about what a roll-up or holdco actually is, but Dzmitry breaks down the real differences and reveals why he chose the roll-up route. We dive deep into what makes a good industry for a roll-up, from market fragmentation and tailwinds to operational value creation and how to actually quantify your runway for consolidation!
Questions This Episode Answers:
• What's the difference between a roll-up and a holdco?
• What key characteristics make an industry ideal for a roll-up?
• How do you calculate an industry's runway for consolidation?
• How does a roll-up's operational value creation drive success?
• Why is your first acquisition crucial when building a roll-up?
Enjoy the conversation!
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This week we covered:
00:00 Understanding Holdcos vs. Roll-Ups
04:50 The Roll-Up Strategy: Why Choose This Path?
09:57 Key Characteristics of a Successful Roll-Up
14:47 Measuring Market Fragmentation and Consolidation
20:05 The Importance of Size in Acquisitions
23:26 The Importance of First Acquisitions
25:24 Navigating Challenges in Early Partnerships
28:19 Understanding the Veterinary Clinic Market
31:10 Differentiating the JV Model from Traditional Roll-Ups
36:25 Operational Value Creation in Roll-Ups
41:07 Identifying Market Tailwinds and Risks
44:03 Analyzing the Dental Roll-Up Market
